OTI Receives First Commercial Orders From Hypercom Corporation for Contactless Reader Solutions

Tuesday 1 March 2005 17:34 CET | News

On Track Innovations Ltd., a global leader in contactless microprocessor-based smart card solutions for homeland security, micropayments, petroleum payments and other applications, announced that global payment technology leader Hypercom Corporation has ordered its first commercial quantities of OTIs contactless reader solutions.

OTIs contactless readers will be integrated into Hypercoms high-speed, profit-building Optimum T4100 multi-application and Optimum L4100 signature capture card payment terminals specifically designed to speed the check-out lines at retailers worldwide to enable Hypercoms fast, easy-use and intelligently integrated card payment terminals and transaction networking solutions to give retailers, Independent Sales Organizations (ISOs) and financial institutions the ability to generate new revenues and profits. Hypercom has already integrated into its solution set OTIs contactlessSaturn 5000 reader, which offers a plug-and-play retrofit option to merchants already using Hypercom technology at the point-of-transaction. OTIs patented matched-antenna contactless technology coupled with Hypercoms industry-leading card payment terminals enable fast, easy and seamless, reliable and secure communication. The combined solution also allows issuers to provide consumers with highly secure contactless cards and key fobs with smart stickers and custom designs, such as new specially equipped watches that feature transaction capabilities.

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Categories: Payments & Commerce | Cards
Countries: World
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